D1 Capital Partners L.P. Sells 802,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

D1 Capital Partners L.P. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,234 shares of the e-commerce giant's stock after selling 802,000 shares during the quarter. Amazon.com accounts for 1.5% of D1 Capital Partners L.P.'s portfolio, making the stock its 24th largest position. D1 Capital Partners L.P.'s holdings in Amazon.com were worth $89,782,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC boosted its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC raised its stake in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares during the period. Finally, One Wealth Capital Management LLC acquired a new stake in shares of Amazon.com in the fourth quarter worth $4,270,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This represents a 22.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,798 shares of company stock worth $17,696,733. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. StockNews.com cut shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Wedbush restated an "outperform" rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Up 0.3%

Shares of Amazon.com stock traded up $0.57 on Monday, hitting $206.16. The company had a trading volume of 34,235,970 shares, compared to its average volume of 41,958,033. The stock has a 50-day moving average of $189.33 and a 200-day moving average of $208.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 37.28, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.